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Extreme TMA System

  • #5,121
  • Mar 13, 2012 7:26am Mar 13, 2012 7:26am
hello all,
thanks too Al for this great topic.
has anyone noticed the TMAs while crossing each other on mtf?
use one time frame (any) and add tma to the chart with different timeframe value such as:60 for H1 and 240 for h4 ....
right now the h4 is crossing d1 downward
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  • #5,122
  • Mar 13, 2012 7:27am Mar 13, 2012 7:27am
Quoting Surfnomad
I have not yet, however my wife is also from the Phiippines; Cebu City and she goes back regularly to visit family with her mom, I am going with them the next trip so I will rememeber that. Where is Siargao in relation to Cebu Thanks for the tip. Do you surf too, sounds like.

Mahalo
Robert,

Cebu is wonderful. It is the manufacturing district of the Philippines. Very clean, very prosperous. Siargao is only about a one hour flight. But there is good surf right there on the Visayan Islands.

William
may you find what you seek and trade what you find
  • #5,123
  • Mar 13, 2012 7:36am Mar 13, 2012 7:36am
Quoting faxxion
Hello Alfredo,

Thank you for the individual attention. The reason I have set my stop losses at approximately 30 pips is because early in this thread (I cannot find the post) you said that 90% of these setups were profitable with a 30 pip SL. The math on that is simple. So that is what I have been using. I am not comfortable with major drawdowns in recovery mode. I know the EURAUD came back last night as I slept. Hindsight is now 20/20. But it could have gone 100 pips against me as I slept. Are you saying that this system will not work...
I donīt recall having said that you will win 90% of the time using a 30 pip stop loss. I would like to read that post to be proven wrong. I do recall saying that I have an over 90% win rate with the process I follow. I also said that I used to use tight stop losses, as most books advise, but I gave up on that and changed to recovery because I was getting stopped out continuously. I am not saying that the system will not work with a tight stop loss, but you will get stopped out quite often. Also, the EurAud trade from yesterday was not following the rules on M15. It was on H1, but to trade it on H1 you would need a substantially larger stop loss than 30 pips.

A good type of system to trade with a close stop loss would be a breakout trend following system, where you trade breakouts after retracements when price again turns in the trend direction.
Observation is the path to discovery.
  • #5,124
  • Mar 13, 2012 7:36am Mar 13, 2012 7:36am
I doubt if Al approves this or not , but As Al already said Gaps are made to be covered !

Last night when the market opened I got a nice long on NZDUSD and a nice short on the USDCHF

But why I am saying these !?


I believe we can use the rules to take some Gap advantages !

Maybe I am wrong but i did this trade and both good pips

Regards

Shahrooz
  • #5,125
  • Mar 13, 2012 7:36am Mar 13, 2012 7:36am
Quoting jnfer
Hi Al can you help me with this?
post no #5074

Thanks
Probably at you not enough operative memory and still try to add the terminal in the entrusted appendices of an antivirus,Remove all user indicators after that, insert the copied indicators of system write about results
  • #5,126
  • Mar 13, 2012 7:37am Mar 13, 2012 7:37am
Quoting Levendi88
Hi Al,

What do you exactly mean by point no.3?

{3- Following Recovery when price gets far enough away from you.}

Cheers
Please read the recovery instructions contained in the Packet.zip file on Page 1.
Observation is the path to discovery.
  • #5,127
  • Mar 13, 2012 7:41am Mar 13, 2012 7:41am
Quoting shahrooz67
I doubt if Al approves this or not , but As Al already said Gaps are made to be covered !

Last night when the market opened I got a nice long on NZDUSD and a nice short on the USDCHF

But why I am saying these !?


I believe we can use the rules to take some Gap advantages !

Maybe I am wrong but i did this trade and both good pips

Regards

Shahrooz
The gap was closed last night nicely before USIndex shot up again.
Observation is the path to discovery.
  • #5,128
  • Mar 13, 2012 7:44am Mar 13, 2012 7:44am
Quoting Alorente
The gap was closed last night nicely before USIndex shot up again.

  • #5,129
  • Mar 13, 2012 8:01am Mar 13, 2012 8:01am
Quoting Alorente
Iīm long.
I am very curious when did you get out of the EUR-AUD and when did you go long again ?
You were right about it not being doomed, i got out at 1.2461 this morning getting 48 pips ! (did i stay in to long ??)
Youre very good Al, and always so right.......

Like to stay learning a lot from you and your experience.
  • #5,130
  • Mar 13, 2012 8:06am Mar 13, 2012 8:06am
Quoting Tuauxp
I am very curious when did you get out of the EUR-AUD and when did you go long again ?
You were right about it not being doomed, i got out at 1.2461 this morning getting 48 pips ! (did i stay in to long ??)
Youre very good Al, and always so right.......

Like to stay learning a lot from you and your experience.
I closed the short at 1.2470. Opened the long at 1.2468. Down 24 pips right now.
Observation is the path to discovery.
  • #5,131
  • Mar 13, 2012 8:29am Mar 13, 2012 8:29am
I am long on euraud and short on usdcad (M15).

L.
  • #5,132
  • Mar 13, 2012 8:38am Mar 13, 2012 8:38am
This Indi permits to avoid flat zones and in good agreement with TMA Slope
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  • #5,133
  • Mar 13, 2012 8:57am Mar 13, 2012 8:57am
There is a nice setup on GBPJPY. It has reached it's daily ADR and there is a pivot.

Should be nice for 100 Plus pips.


Robert
With God its impossible to lose
  • #5,134
  • Mar 13, 2012 9:02am Mar 13, 2012 9:02am
Careful of the strong buy momentum it has right now....if it breaks 129.744 it may pull back for a breather and continue to 130.087. If it breaks that, there will be a run up for sure....they don't call this pair the dragon for no reason.

Lionsden

Quoting rglenn
There is a nice setup on GBPJPY. It has reached it's daily ADR and there is a pivot.

Should be nice for 100 Plus pips.


Robert
  • #5,135
  • Mar 13, 2012 9:04am Mar 13, 2012 9:04am
Quoting rglenn
There is a nice setup on GBPJPY. It has reached it's daily ADR and there is a pivot.

Should be nice for 100 Plus pips.


Robert
i AGREE - TOOK IT SHORT - JUST GOING FOR 30
  • #5,136
  • Mar 13, 2012 9:13am Mar 13, 2012 9:13am
Quoting lionsden
Careful of the strong buy momentum it has right now....if it breaks 129.744 it may pull back for a breather and continue to 130.087. If it breaks that, there will be a run up for sure....they don't call this pair the dragon for no reason.

Lionsden

But I need to tame this beast and get my money's worth. Of course you need to put your stops in as required.
With God its impossible to lose
  • #5,137
  • Mar 13, 2012 9:15am Mar 13, 2012 9:15am
SL's on this pair tend to have to be huge....I hope you tame her for all of us...Good luck!

Quoting rglenn
But I need to tame this beast and get my money's worth. Of course you need to put your stops in as required.
  • #5,138
  • Mar 13, 2012 9:23am Mar 13, 2012 9:23am
Quoting rglenn
There is a nice setup on GBPJPY. It has reached it's daily ADR and there is a pivot.

Should be nice for 100 Plus pips.


Robert
thanx...
  • #5,139
  • Mar 13, 2012 9:58am Mar 13, 2012 9:58am
short GBP/AUD 1.4912
  • #5,140
  • Mar 13, 2012 10:26am Mar 13, 2012 10:26am
Kind of quiet here today. Al and everyone who has contributed just wanted to say thank you again for all your hard work and freely sharing your wisedom. I am focusing on EURUSD M1 M5 TFs and absolutely loving it. For me I prefer sticking to 1 currency on the lower TFs.

Robert
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